XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
PRO FORMA FINANCIAL INFORMATION (Notes)
3 Months Ended
Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]  
PRO FORMA FINANCIAL INFORMATION
PRO FORMA FINANCIAL INFORMATION

The table set forth below summarizes, on a pro forma basis, the revenue, net income, net income (loss) attributable to the Company and basic and diluted per-share amounts for net income (loss) attributable to common stockholders for the three months ended March 31, 2019 and 2018. Such presentation reflects the Company’s disposition of the March Oakland Properties, which was completed on March 1, 2019. The pro forma condensed consolidated results of operations reflect the disposition of the March Oakland Properties as if the transaction occurred on January 1, 2018.

This pro forma information does not purport to represent what the actual revenue, net income, net income (loss) attributable to the Company and basic and diluted per-share amounts for net income (loss) attributable to common stockholders would have been for the periods indicated, nor does it purport to predict the results of operations for future periods. Other than with respect to the sale of the March Oakland Properties, the pro forma information does not reflect other events affecting the Company, including the sales of other properties, the potential sales of additional properties and other events described in "Item 2 —Management's Discussion and Analysis of Financial Condition and Results of Operations— Program to Unlock Embedded Value in Our Portfolio and Improve Trading Liquidity of Our Common Stock."
 
 
Three Months Ended March 31,
 
 
2019
 
2018
 
 
(in thousands, except per share amounts)
Pro forma revenue
 
$
40,825

 
$
39,157

Pro forma net income
 
20,673

 
1,074

Pro forma net income (loss) attributable to the Company
 
16,681

 
(2,574
)
Pro forma net income (loss) attributable to common stockholders per share, basic
 
$
0.38

 
$
(0.06
)
Pro forma net income (loss) attributable to common stockholders per share, diluted
 
$
0.38

 
$
(0.06
)